Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait- Probe begins in bid to smuggle 500,000 litres diesel  Join our daily free Newsletter

MENAFN - Arab Times - 16/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) The Public Prosecution has started its investigations regarding the attempt to smuggle 500,000 liters of subsidized diesel out of the country, which was foiled by the Financial Crime Unit in the General Department for Criminal Investigations. According to security sources, police detectives initiated investigations and surveillance operations on the smuggling operation after receiving information about a Kuwaiti citizen who had leased an industrial plot to store diesel mixed with a small amount of used oil.



The Kuwaiti suspect, with the help of four Arab nationals and an unidentified individual, bought used oil from vehicle agents and garages, which he then stored in containers inside his leased plot.



Customs declaration documents were forged for shipping subsidized diesel and tested samples were sent to the Kuwait Petroleum Company under the pretext of being burnt oil, which is legal to export.



After this, he would smuggle the diesel through customs to other parts of the world, where he sells it for double the price.



With the cooperation of General Customs Department and the Kuwait Petroleum Cooperation, 20 containers holding 500,000 liters of diesel were confiscated while they were being smuggled through Shuwaikh Port.



Some tests were conducted on the diesel in the containers to discover that it was subsidized substance that was not allowed for export.



Three individuals have been arrested while two others are being pursued. Meanwhile, the official spokesperson of Kuwait Petroleum Cooperation Khaled Al-Asousi denied the news that was published in a local newspaper.



He explained that the Public Prosecution has summoned the local marketing director of the company to hear his testimony regarding the diesel smuggling case and how the perpetrators managed to get hold of the export clearance of what was assumed to be burnt oil without checking its contents.



He affirmed that the Kuwait Petroleum Cooperation is not the authority responsible for issuing such clearance, insisting that the company always cooperates with every concerned government bodies to stop smuggling of diesel and provides necessary aid and support concerning this issue

 


Arab Times




  MENA News Headlines
 Jan 27 2015 - More Emirati students join Qasr Al Hosn Festival AmbassadorsEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) More than 250 university students from across the Emirate of Abu Dhabi will be selected to act as the Qasr Al Hosn Festival Ambassadors during this year's ...

 Jan 27 2015 - DXB takes over top spot for international passenger trafficEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Dubai Airports today released its year-end traffic report which confirm that Dubai International Airport, DXB, has secured its position as the number one airport ...

 Jan 27 2015 - New Abra services in Abu DhabiEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) A new water taxi service using a traditional wooden abra has been launched to connect two of Abu Dhabi's prime waterfront tourist destinations. Passengers can ...

 Jan 27 2015 - EGA Golfers to rub shoulders with world's best at omega Dubai Desert Classic Pro-AmEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) A select group of golfing guests of Emirates Global Aluminium, EGA, will enjoy one of the most memorable playing experiences of their lives when they compete in ...

 Jan 27 2015 - OPEC daily basket price for Monday announcedEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The price of OPEC basket of twelve crudes stood at US $42.90 a barrel on Monday, compared with US $43.69 the previous Friday, according to OPEC Secretariat ...

 Jan 27 2015 - Over one million Umrah performers cross King Abdulaziz International Airport within 45 daysEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) JEDDAH, 27th January, 2015 (WAM) - The number of Umrah performers arriving and departing from King Abdulaziz International Airport in Jeddah since the start of ...

 Jan 27 2015 - UNDP issues new development report spotlighting string of successes in Asia-Pacific regionEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The United Nations main development programme has spotlighted its string of successes in 36 countries and territories in the Asia and Pacific region in the areas ...

 Jan 27 2015 - ADES 2015 to run from 18th to 21st March at ADNECEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DOME Exhibitions today announced the third edition of Abu Dhabi Electronics Shopper, ADES 2015, the largest consumer electronics exhibition in Abu Dhabi, will ...

 Jan 27 2015 - GCC Secretary-General meets with UN officialEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Dr. Abdullatif bin Rashid Al-Zayani, GCC Secretary-General has met with Ashok Nigam, UN Resident Coordinator and Resident Representative of the United Nations ...

 Jan 27 2015 - Saudi- Dawn of a new era under King SalmanArab News
(MENAFN - Arab News) A new era dawned in Saudi Arabia on Monday under the leadership of Custodian of the Two Holy Mosques King Salman as citizens across the country expressed their confidence in the ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help